r/AusEcon • • 4h ago

Discussion Economy is in hardship but we can spend $100m to send 1 person into space?

0 Upvotes

My view only but is the government tone deaf to where the community might like to see 100m of tax payer dollars spent? Watching the news this morning where it was stated the exercise to send an Aussie to space on the upcoming euro space flight would be circa that figure. Can someone help me understand the benefit of this or the opportunity cost in terms of $100m to social programs at home in Australia.


r/AusEcon • • 3h ago

While we are talking about the NDIS, can we talk about what we are spending to keep the elderly alive?

78 Upvotes

I’m a nurse, I’ve recently gone back to hospital work after a very long time doing other things.

It is unbelievable what we are doing and what we are spending to keep extremely elderly people alive another few months - often so they can spend those few months laying in their own piss and shit, not really aware what is going on.

I’m not suggesting that once you turn 85 we take you out the back and shoot you. Indeed, I’m not quite sure what I’m suggesting and I certainly don’t have all the answers. What I do know is that a lot of what we are doing to keep elderly alive is extremely expensive, and frankly, quite cruel to them.

We run expensive tests that the results really won’t change outcome much

We pump them full of antibiotics to clear pneumonia so they can go back to the nursing home and sit and stare into space.

Spoon feeding crushed medication to advanced dementia patients. Of course im all for meds that reduce pain, but that’s not all we are giving a lot of people.

I’m not sure how much of our Medicare budget is spent on trying to give the elderly a few more miserable weeks or months, but it would have to be a hell of a lot.

Example - recently we had a lady with advanced dementia, no longer aware of who she was, no longer speaking, required help for absolutely everything.
My colleague noticed a mouth droop. Told the junior doctor. Her, in my opinion, sensible response was “ look, she may have had a stroke but I don’t think we’ll do anything other than keep her comfortable at this point, but I’ll talk to my boss”.

The senior doctor decided that what this shell of a woman needed was a CT scan, blood tests, get a cannula in and start antibiotics to cover for possible infection.

Now imagine the above, or something similar, happening again and again and again across the country, at huge cost and to what end?

We need to, as a nation, accept that once you get old, you die. And do we really want to spend billions attempting, often fruitlessly, to give very elderly people a few extra days, months or weeks


r/AusEcon • • 4h ago

Australian economy set to take its medicine as RBA plays 'dangerous game'

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au.finance.yahoo.com
8 Upvotes